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Politics

Multiple Investment Agreements Signed at Philippines-China Business Matching Forum – ALVAREZ

  House Speaker Bebot Alvarez recently witnessed the signing of several agreements between Guangxi state-owned companies and local investors. This transpired during the China (Guangxi)-Philippines Business Matching Seminar for Entrepreneurs held at the Makati Shangri-la Hotel. Alvarez was among 12 Filipino and Chinese government officials and business leaders who witnessed the signing of the deals. […]

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Royalty Payments from Mining to be Increased from 1% to up to 20% – PANGANIBAN

  The House Committee on Indigenous Cultural Communities and Indigenous Peoples chaired by Rep. Nancy A. Catamco (2nd District, North Cotabato) has approved the creation of a technical working group (TWG) that will finalize the bills seeking to protect and promote the rights of indegenous peoples (IPs) affected by mining operations in ancestral domains. The […]

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Culture of Innovation Essential to Economic Competitiveness – LEGARDA

  Senator Loren Legarda said that the government could improve the country’s productivity and increase its competitiveness by adopting innovation as a vital component of development policies. Legarda made the statement as the Senate passed on third and final reading the proposed Philippine Innovation Act, which she principally authored. “This measure aims to promote a […]

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Multi-Species Marine Hatcheries to Be Created – VILLAR

  With the Senate set to approve on third and final reading 14 bills creating multi-species marine hatcheries, Senator Cynthia Villar said aquaculture will now have a needed boost in the provinces. “It is not surprising that aquaculture now has an uptrend globally given the dwindling catch from the wild. With the creation of these […]

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Reforms in the Telecommunications Industry to Improve Internet Service – GATCHALIAN

  Senator Win Gatchalian has reiterated the need to implement wide-ranging reforms in the telecommunications industry to make Internet service in the country at par with international standards. Gatchalian stressed that stronger government regulation and genuine competition among stakeholders, plus technical innovation, will streamline the industry and improve corporate services. “The poor Internet connection in […]

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Terrorists, Not the Government, Are the Enemy – PIMENTEL

  Those who have sown terror in Mindanao and threaten the safety and security of our citizens are the enemy––not the government and certainly not our men in uniform.” This according to Senate President Aquilino “Koko” Pimentel III, who on Sunday urged the public to view the President’s declaration of martial law in Mindanao as […]

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Include Casinos in Anti-Money Laundering Act (AMLA) Coverage – ESCUDERO

  Senator Chiz Escudero has urged the Senate to pass the amendments to the Anti-Money Laundering Act (AMLA) before the deadline given by the Asia/Pacific Group on Money Laundering (APG). According to Escudero, Senate Bill No. 1468 is a mere component of the committee report he previously sponsored. The bill, which was approved on second […]

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Politics

Free Internet Access in Public Places Ready for Signature of the President – AQUINO

  The measure providing Filipinos free internet access in public places is now one signature away from becoming a law after the Senate ratified its final version, Senator Bam Aquino announced. “Isang pirma na lang po at magiging batas na ito. This measure will empower Filipinos with internet access to education, information, jobs and business,” […]

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Politics

Coop Leaders Laud Retention of Coop Tax Exemptions in TRAIN Tax Reform Package – BRAVO

  The 14-million member-strong cooperative movement represented by COOP-NATCCO Partylist Rep. Anthony Bravo thanked leaders of the House of Representatives on Wednesday after they committed to retain the tax exemptions currently extended to the country’s close to ten thousand cooperatives. House Majority Leader Rodolfo Fariñas had earlier announced that the tax exemptions of cooperatives would […]

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Politics

Profit Is Not the Primary Purpose of Cooperatives – GERON

  The cooperatives sector is at a crossroads and facing an issue that can have a significant impact on the future of the cooperative movement in the country, said Rep. Rico B. Geron (Party-list, AGAP). The legislator was referring to the proposed Comprehensive Tax Reform Program, also known as Tax Reform for Acceleration and Inclusion […]